Liquidity has deteriorated significantly, with the current ratio collapsing from 31.01 in 2025Q1 to 0.53 in 2025Q3, while a $500.0K sponsor debt load remains a persistent burden.
| Total Current Assets | 350.09K | 132 |
| Cash & Short-Term Investments | - | - |
| Cash Only | - | - |
| Short-Term Investments | - | - |
| Accounts Receivable | - | - |
| Days Sales Outstanding | - | - |
| Inventory | - | - |
| Days Inventory Outstanding | - | - |
| Other Current Assets | 0 | 132 |
| Total Non-Current Assets | 88.49M | 0 |
| Property, Plant & Equipment | 0 | 0 |
| Fixed Asset Turnover | - | - |
| Goodwill | 0 | 0 |
| Intangible Assets | 0 | 0 |
| Long-Term Investments | 262.72M | 0 |
| Other Non-Current Assets | - | - |
| Total Assets | 88.84M | 132 |
| Asset Turnover | 0.00x | - |
| Asset Growth % | 0% | - |
| Total Current Liabilities | 660.73K | 114 |
| Accounts Payable | 660.73K | 3 |
| Days Payables Outstanding | - | - |
| Short-Term Debt | 0 | 111 |
| Deferred Revenue (Current) | 0 | - |
| Other Current Liabilities | 0 | 0 |
| Current Ratio | 0.53x | 1.15x |
| Quick Ratio | 0.53x | 1.15x |
| Cash Conversion Cycle | - | - |
| Total Non-Current Liabilities | 3.95M | 0 |
| Long-Term Debt | 500K | 0 |
| Capital Lease Obligations | 0 | - |
| Deferred Tax Liabilities | 0 | - |
| Other Non-Current Liabilities | - | - |
| Total Liabilities | 4.61M | 114 |
| Total Debt | 500K | 111 |
| Net Debt | 210.42K | 111 |
| Debt / Equity | 0.01x | 6.43x |
| Debt / EBITDA | -30.35x | - |
| Net Debt / EBITDA | -12.77x | - |
| Interest Coverage | - | - |
| Total Equity | 84.23M | 17 |
| Equity Growth % | 0% | - |
| Book Value per Share | 9.77 | 0.00 |
| Total Shareholders' Equity | 84.23M | 17 |
| Common Stock | 88.49M | 0 |
| Retained Earnings | -4.26M | -8 |
| Treasury Stock | 0 | 0 |
| Accumulated OCI | 0 | 0 |
| Minority Interest | 0 | 0 |
Liquidation and deal failure
As reported in recent financial filings, MAYA's cash position has declined from $504.6K in 2025Q1 to $289.6K by 2025Q3, signaling a tightening liquidity profile as the company consumes its limited capital to sustain operations while searching for a viable business combination in a challenging M&A environment.
The consistent erosion of cash reserves suggests that the company's administrative burn is outpacing its ability to generate interest income from the trust account. Investors should monitor whether this trajectory forces the sponsor to provide additional capital or if it necessitates a rushed, suboptimal acquisition to avoid liquidation.
Based on the company's 2025Q3 balance sheet, the current ratio has plummeted to 0.53 from a high of 31.01 in 2025Q1, indicating that current liabilities now significantly exceed available liquid assets, which may constrain the company's operational flexibility as it approaches its mandatory business combination deadline.
This sharp decline in the current ratio appears to reflect the accumulation of short-term obligations relative to a dwindling cash balance. Such a liquidity profile suggests that the company may lack the necessary buffer to absorb unexpected regulatory or legal costs without further sponsor intervention.
According to quarterly balance sheet data, MAYA has maintained a constant $500.0K debt load since 2025Q1, which, when viewed alongside the company's negative retained earnings of $4.3M, suggests a reliance on sponsor-provided financing that may complicate the eventual capital structure of a post-merger entity.
The persistence of this debt suggests that the sponsor is actively funding the search phase, yet the lack of reduction in this liability may imply that these obligations are intended to be settled or converted upon a successful de-SPAC. Analysts should investigate the terms of these notes to determine if they represent a senior claim on the trust account.
As indicated by the 2025Q3 financial statements, the company's total assets of $88.8M are almost entirely comprised of restricted trust funds, meaning that the headline asset figure provides a misleading impression of the actual liquidity available for the company's ongoing administrative and operational requirements.
The disconnect between total assets and available cash highlights the structural rigidity of the SPAC model, where the vast majority of capital is locked away until a merger is finalized. This creates a scenario where the entity can appear asset-rich on paper while simultaneously facing a severe cash crunch at the operating level.
Quick answers to the most common questions about buying MAYA stock.
As of 2024, Maywood Acquisition Corp. (MAYA) had total assets of $0.0M including $0.0M in current assets.
Maywood Acquisition Corp. (MAYA) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Maywood Acquisition Corp. (MAYA) has total shareholders' equity (book value) of $0.0M ($0.00 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Maywood Acquisition Corp. (MAYA) reported a current ratio of 1.15x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.